The Long View: The Age of Artificial Intelligence Is Here

“Today it seems as if we are in the middle of another revolution, and clearly these changes pose challenges and opportunities for long-term investors.”

Robert W. LovelaceLos Angeles office 31 years of experience (as of 12/31/16)

Artificial intelligence may be the most transformative and disruptive advancement since the Industrial Revolution. After decades of hype and disappointment, AI is poised to fuel the next wave of innovation, and potentially provide opportunities for companies and investors.

Artificial Intelligence Makes the Next Great Leap

Can machines think? Today, the answer is getting closer to yes. Artificial intelligence is on the verge of transforming daily life for millions of people, both at work and at home. From driverless cars to machines that can converse with humans, advances once considered science fiction are about to become commonplace.

Tech Giants Go All In on Artificial Intelligence

Since 2011, about 140 private companies working to advance AI technologies have been acquired, with more than 40 acquisitions taking place in 2016. Corporate giants like Google, IBM, Yahoo, Intel, Apple and Salesforce are competing in the race to acquire private AI companies. The recent acceleration of acquisitions speaks partly to the significant, and relatively recent, advances in the practical uses of AI for consumers and companies.

The Age of Automation Has Arrived

The robots aren’t coming — they’re here. Industrial robots have been around in the thousands for decades. Now, agribots, service robots, robo-advisors and co-bots are becoming part of the landscape. In 2015, nearly 254,000 industrial robots were sold worldwide. Still, only about 10% of manufacturing is done by robots. Soon, more forms of automation are likely to roll, or walk, out of laboratories and into the real world.

From Factory Floors to Financial Services, AI and Robotics Are Redefining How Work Gets Done

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